According to Odaily Planet Daily, QCP Capital released a weekend summary report stating that Thursday's core PCE data was slightly higher than expected, and Friday's non-farm payrolls data unexpectedly fell, causing the US dollar index to rebound and regain the 104 level.
BTC net inflows exceeded $2.1 billion this week. BlackRock’s IBIT had a single-day net inflow of $872 million, the largest single-day net inflow since its launch in January.
Despite Bitcoin’s drop below $69,000 on Friday, market interest remains strong, with total open interest in BTC futures and BTC options remaining high at $40.65 billion and $25.3 billion, respectively.
Although Trump is favored to become the next US president, betting on Trump has dropped significantly from a high of 66% on Polymarket to 57% and 43%. Short-term implied volatility for BTC and ETH remains elevated (above 72 volatility units) in the upcoming election week, with the skew of put options increasing as traders increase their efforts for downside protection.
